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BAIG vs TSMG

Leverage Shares 2x Long BBAI Daily ETF

BAIGCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −0.02pt a year

BAIG0.78%TSMG0.76%

Avg volume · 30D

TSMG 2.7×the volume

BAIG25.8KTSMG69K

BAIG vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

−94.2%BAIG+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. BAIG −94.2%. TSMG +40.8%. Use the arrow keys to read each point.−50%0%100%Oct 2025Apr 2026Oct 2026
Expense ratio
BAIG 0.78%
TSMG 0.76%, better
Fund size
BAIG $5M
TSMG $28M
1Y total return
BAIG −94.2%
TSMG +40.8%, better
Holdings
BAIG 5
TSMG 5
Avg volume (30D)
BAIG 25.8K sh
TSMG 69K sh, better
NAV per share
BAIG $10.49
TSMG $33.77
52W range

ETF.net Grade

BAIG: Cost 60, Risk 25, Mission 90, Tradability 40, Holdings not scored, Durability 52. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for BAIG, TSMG, with each pillar’s weight
PillarBAIGTSMG
Cost30% weightB60A70Higher
Mission25% weightA90HigherA79
Risk15% weightD25A84Higher
Tradability15% weightC40A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B67Higher

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BAIG and TSMG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

TSMG ranks 1st and BAIG 123rd of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 123CBABCCorgi BABA 2x Daily ETFScore 40
  4. Rank 123CBAIGLeverage Shares 2x Long BBAI Daily ETFScore 40
  5. Rank 123CBECCorgi BE 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

BAIGCLeverage Shares 2x Long BBAI Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

BAIG Most 2x single-stock ETFs point at megacaps. BAIG points at BigBear.ai, a small, jumpy defense-AI name, and aims for twice its daily move through swaps, reset every day, for 0.78% a year with no waiver.

TSMG Two times TSM, one day at a time. TSMG aims for 200% of Taiwan Semiconductor's daily move, no margin account required, at 0.75% a year, below what most leveraged single-stock funds charge.

Stated mandate

BAIG The Fund seeks daily leveraged investment results equal to two times the daily percentage change in BBAI's common-stock price, before fees and expenses. It does not pursue this objective for periods different from one trading day.

TSMG The fund seeks daily investment results equal to 200% of the daily performance of Taiwan Semiconductor Manufacturing Company Ltd stock, before fees and expenses.

Why people hold it

  • BAIG Swap agreements with major financial institutions do the work: exposure is sized for 200% of BigBear.ai's daily move, no margin account or options chain required.leverageshares.com
  • At 0.78% with no fee waiver, it sits below the category median and only a hair above the cheapest in its own lineup (OKTG at 0.75%, TSMG at 0.76%).
  • Day to day, it has stayed close to its stated 2x target, which is the entire job of a daily-reset fund.
  • TSMG Charges 0.75% a year, undercutting the 0.96% on Direxion's 2x single-stock funds such as AAPU and GGLL.leverageshares.com
  • The milder gear on the leveraged shelf: it targets double TSM's daily move, not triple.leverageshares.com
  • Leverage arrives inside a regular 1940 Act ETF. No margin agreement, no lender, and your exposure is capped at what you put in.leverageshares.com
  • Hits its stated daily target tightly, and rates among the stronger builds in a crowded field of 2x and 3x single-stock funds.

Worth knowing

  • BAIG The 2x target resets every trading day. Held through a choppy stretch, results can trail twice BBAI's move, which the prospectus states plainly.leverageshares.com
  • One of the smaller, more lightly traded names in a crowded 2x category, so bid-ask spreads carry more weight here than in the megacap-linked versions.
  • The trust reserves the right to use splits or reverse splits to keep shares in a convenient trading range, changing your share count but not the fund's net assets.leverageshares.com
  • TSMG The leverage resets every day. Hold longer and compounding takes over, so multi-day results can drift well away from twice TSM's move, especially in choppy markets.leverageshares.com
  • One stock, one industry. Everything rides on Taiwan Semiconductor, doubled, so company-specific news lands twice as hard.
  • Young and small: launched in January 2025, and it sits among the smaller, less heavily traded names on the leveraged shelf, which can widen spreads.

Full BAIG profile⁠

Full TSMG profile⁠

BAIG vs TSMG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BAIG vs TSMG Cost

Overpaying BAIG vs TSMG

$346

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BAIG 0.78%

    $15,002

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BAIG 0.78%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BAIG $15,002TSMG $14,656

Year by year

YearBAIGTSMGOverpaying
10$1,388$1,353$35
20$5,268$5,142$126
30$15,002$14,656$346

Expense ratio

  • 0.78%BAIG
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

BAIG 142nd cheapest of 315 funds

BAIG vs TSMG Dividends

Last 12 months to Oct 30, 2026
Last payment
BAIG $4.75
TSMG $2.73
Ex-dividend
BAIG Dec 30, 2025
TSMG Dec 30, 2025
Paid on
BAIG Jan 2, 2026
TSMG Jan 2, 2026
Frequency
BAIG Irregular
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BAIGIrregular · 1 paymentAll BAIG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $4.75. Use the arrow keys to read each point.$0$52026YTD
TSMGIrregular · 1 paymentAll TSMG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.73. Use the arrow keys to read each point.$0$52026YTD

BAIG vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BAIG 119.2%since Sep 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
BAIG −1.05since Sep 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
BAIG −97.7%since Aug 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
BAIG 6.83TSMG 3.81

Popular comparisons

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    Leverage Shares 2x Long BBAI Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.78% · 0.77%
    Category
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  • TSMGAvsUNHGA

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    Expense ratio
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    Category
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